Industrial Property for Sale in Philadelphia, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Philadelphia, PA 19123
  • Year built: 1930

Description

Marcus & Millichap is pleased to announce the exclusive sale of the investment property located at 927 North Delaware Avenue in Philadelphia, Pennsylvania. This is a rare, generational opportunity to acquire a prime industrial asset in the absolute core of Northern Liberties/Fishtown, directly adjacent to Rivers Casino and the Delaware River waterfront. Likewise, the property is surrounded by one of Philadelphia’s most active and transformative multifamily corridors. Furthermore, the property is just minutes from Center City Philadelphia, offering immediate access to the region’s top employment, dining, and cultural hubs. The property also benefits from convenient access to Interstate 95, providing residents with seamless north–south connectivity throughout the Philadelphia metro and beyond. Notably, this is an increasingly rare advantage for urban redevelopment sites. Currently occupied by ROAR Nightclub, the tenant delivers strong in-place income while preserving exceptional flexibility for redevelopment or high-impact adaptive reuse. With immediate proximity to riverfront amenities, transit, and dense residential growth, the site is ideally positioned to capitalize on long-term demographic and urban expansion trends. Investors not seeking near-term development can extend and expand the existing tenancy, creating a stable cash-flowing hold while awaiting a cyclical rebound in the multifamily market and unlocking significant future upside. Investment Highlights: • Rare Opportunity to Acquire a Prime Industrial Asset in the Core of Northern Liberties and Fishtown • Prime Position Adjacent to Rivers Casino and the Delaware River Waterfront • Surrounded By One of Philadelphia's Most Active and Transformative Multifamily Corridors • Immediate Proximity to Riverfront Amenities, Transit, and Dense Residential Growth • Strategically Located Minutes from Center City Philadelphia with Convenient Access to Interstate 95 • Current Tenant Provides Strong In-Place Income with

Market Context

This industrial in Philadelphia, PA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1930. It has been on the market for 68 days. Compare it against other industrial listings for sale in Philadelphia, PA — <a href="/search/sale/industrial/pennsylvania/philadelphia">view the full market</a>.

As of Q1 2026, the Philadelphia industrial market showed a 3.8% vacancy rate, average asking rents near $14.00/SF/yr, rents up 3.8% year over year, and cap rates around 5.5%. Source: Consensus Q1 2026 market report.

Its 5.1% asking cap rate is below the Philadelphia industrial market average of about 5.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Philadelphia?
About 5.5% as of Q1 2026, per Consensus.
Is the Philadelphia industrial market tightening or softening?
Vacancy is around 3.8%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$11.37/SF – $15.38/SF

Mid: $13.38/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market denver (similarity: 89%) with 7 comparable listings.

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